FINTECH FINAL EXAM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
Financial technology (FinTech) Correct Answers The use of technology
to deliver financial products and services digitally in ways that are
cheaper faster easier and more convenient than traditional finance
Fin component of FinTech Correct Answers Refers to financial products
services institutions and markets such as banking payments lending
investing and insurance
Tech component of FinTech Correct Answers Refers to digital
technologies such as software data analytics cloud computing AI APIs
and blockchain
FinTech value proposition Correct Answers Delivering financial
services that are cheaper easier faster and more convenient than
incumbents
Is fintech an evolution or a revolution? Correct Answers Fintech can be
viewed as both an evolution building on existing systems and a
revolution fundamentally reshaping financial services through
technology
Fourth Industrial Revolution Correct Answers A technological
revolution that fuses digital physical and biological technologies and
changes how people live and work
,FinTech Explained Lens Correct Answers A framework to evaluate
fintechs using four questions who what why and how
FinTech Explained Lens who Correct Answers Identifies the fintech's
target customer segment such as B2C B2B B2B2C or C2C
FinTech Explained Lens what Correct Answers Identifies the customer
pain point the fintech is solving
FinTech Explained Lens why Correct Answers Explains why the
fintech's solution is valuable and why customers are willing to pay
FinTech Explained Lens how Correct Answers Describes how the
fintech captures value through its monetization strategy
Business to consumer (B2C) Correct Answers A fintech model selling
products directly to end customers
Business to business (B2B) Correct Answers A fintech model selling
products or services to incumbents or enterprises
Business to business to consumer (B2B2C) Correct Answers A fintech
model where the fintech reaches customers through an intermediary
Customer to customer (C2C) Correct Answers A fintech model enabling
peer to peer transactions
, Pain point Correct Answers A negative customer experience that a
customer would pay to have fixed
Value proposition Correct Answers A clear concise statement explaining
why a customer should use a fintech product
Monetization strategy Correct Answers The method a fintech uses to
earn revenue from its product
Fintech lines of business Correct Answers The main categories include
crypto DeFi online lending crowdfunding digital banking digital wealth
management payments and insurtech
Types of fintech companies Correct Answers Entrepreneurial startups
mature companies digital only banks and global technology platforms
Entrepreneurial fintech startup Correct Answers An early stage fintech
with innovation culture and technical talent but limited resources
Mature fintech company Correct Answers A large established fintech
with scale customers funding and operational expertise
Digital only bank Correct Answers A bank that operates entirely through
digital channels without branches
VERIFIED AND 100% ACCURATE ANSWERS
Financial technology (FinTech) Correct Answers The use of technology
to deliver financial products and services digitally in ways that are
cheaper faster easier and more convenient than traditional finance
Fin component of FinTech Correct Answers Refers to financial products
services institutions and markets such as banking payments lending
investing and insurance
Tech component of FinTech Correct Answers Refers to digital
technologies such as software data analytics cloud computing AI APIs
and blockchain
FinTech value proposition Correct Answers Delivering financial
services that are cheaper easier faster and more convenient than
incumbents
Is fintech an evolution or a revolution? Correct Answers Fintech can be
viewed as both an evolution building on existing systems and a
revolution fundamentally reshaping financial services through
technology
Fourth Industrial Revolution Correct Answers A technological
revolution that fuses digital physical and biological technologies and
changes how people live and work
,FinTech Explained Lens Correct Answers A framework to evaluate
fintechs using four questions who what why and how
FinTech Explained Lens who Correct Answers Identifies the fintech's
target customer segment such as B2C B2B B2B2C or C2C
FinTech Explained Lens what Correct Answers Identifies the customer
pain point the fintech is solving
FinTech Explained Lens why Correct Answers Explains why the
fintech's solution is valuable and why customers are willing to pay
FinTech Explained Lens how Correct Answers Describes how the
fintech captures value through its monetization strategy
Business to consumer (B2C) Correct Answers A fintech model selling
products directly to end customers
Business to business (B2B) Correct Answers A fintech model selling
products or services to incumbents or enterprises
Business to business to consumer (B2B2C) Correct Answers A fintech
model where the fintech reaches customers through an intermediary
Customer to customer (C2C) Correct Answers A fintech model enabling
peer to peer transactions
, Pain point Correct Answers A negative customer experience that a
customer would pay to have fixed
Value proposition Correct Answers A clear concise statement explaining
why a customer should use a fintech product
Monetization strategy Correct Answers The method a fintech uses to
earn revenue from its product
Fintech lines of business Correct Answers The main categories include
crypto DeFi online lending crowdfunding digital banking digital wealth
management payments and insurtech
Types of fintech companies Correct Answers Entrepreneurial startups
mature companies digital only banks and global technology platforms
Entrepreneurial fintech startup Correct Answers An early stage fintech
with innovation culture and technical talent but limited resources
Mature fintech company Correct Answers A large established fintech
with scale customers funding and operational expertise
Digital only bank Correct Answers A bank that operates entirely through
digital channels without branches
